Duplex with Redevelopment
For Sale
$1,065,000
638 SW 15th Ave, Miami, FL 33135
Duplex on a T5-O zoned lot within a TOD area, currently leased to two long-term tenants.
Property Size1,381 SF
Price / SF$771.18
Days on Market154
Property Features for 638 SW 15th Ave
General Information
Standard status
Active
Size
1,381 SF
Property subtype
Duplex
Zoning
T5-O
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,098
Building Details
Building Size
1,381 SF
Year Built
1923
Listing Agency:
Veissi & Associates, Inc.
Listed By:
Mikel Urbistondo · License #3649287
(786) 683-2787
Source:
Allyandaj
Added: Apr 8
Changed: Sep 8
Last Checked: Sep 8 at 11:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Veissi & Associates, Inc.
Investment Insights
Based on property information with market context.
Located at 638 SW 15th Ave, Miami, FL 33135, this property is currently configured as a duplex with two long-term tenants. The seller notes the property is larger than the tax roll and generating $4,050 per month in total rent. The offering also includes redevelopment considerations tied to the site’s zoning and applicable state legislation.
The property is zoned T5-O and the public remarks indicate the site is within a TOD area within half a mile of SW 7th Street. The remarks further reference Florida’s SB 102 “Live Local Act,” stating that a 20-unit multifamily development can be achieved, subject to buyer due diligence.
Buyers should verify what uses and building outcomes are allowed for this specific site and conditions, and should not disturb the current tenants.
The property is zoned T5-O and the public remarks indicate the site is within a TOD area within half a mile of SW 7th Street. The remarks further reference Florida’s SB 102 “Live Local Act,” stating that a 20-unit multifamily development can be achieved, subject to buyer due diligence.
Buyers should verify what uses and building outcomes are allowed for this specific site and conditions, and should not disturb the current tenants.
Key Highlights
- Duplex built in 1923, currently leased to two long‑term tenants
- Tenants pay a combined $4,050 per month
- Zoned T5‑O, offering redevelopment flexibility
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,745
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a T5-O zoned lot within a TOD area, currently leased to two long-term tenants.
Where is this duplex located?
The property is located at 638 SW 15th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: Duplex built in 1923, currently leased to two long‑term tenants; Tenants pay a combined $4,050 per month; Zoned T5‑O, offering redevelopment flexibility
